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. so, president obama is taking action and insisting that republicans agree to increase the existing marginal tax rates on the wealthiest top 2% of u.s. taxpayers. and of course, there is more to the deal. but there will be no negotiations on that big part of the deal unless that tax on the wealthiest 2% is negotiated now. the president could not be more emphatic in stressing the indispensable element of surmounting the cliff is that super-rich revenue. >> we're not insisting on rates just out of spite. or out of any kind of partisan bickering. but rather because we need to raise a certain amount of revenue. >> okay. here is john boehner, the republican house speaker. >> if you look at the plans that the white house have talked about thus far, they couldn't pass either house of the congress. >> republicans proposed raising $800 billion in extra revenues. and that revenue should come through tax reform and closing loopholes. happy new year. question, patrick, looking into the crystal ball and tell us about this january 1 monetary nuclear bomb. are we going over the cliff, patrick? >>
>> this week on moyers & company. >> fundamentally barack obama's pretty conservative. he really is. he's an eisenhower conservative. he's not a liberal. >> i agree 100 percent. i mean, obama has been -- i'm always shocked when people call obama a socialist, because he's -- in fact, i think you might be doing a disservice to eisenhower. >> and -- >> if i can choose to be grateful for my life, love the life i have in the midst of all this, then i can be grateful for other things. >> funding is provided by: carnegie corporation of new york, celebrating 100 years of philanthropy, and committed to doing real and permanent good in the world. the kohlberg foundation. independent production fund, with support from the partridge foundation, a john and polly guth charitable fund. the clements foundation. park foundation, dedicated to heightening public awareness of critical issues. the herb alpert foundation, supporting organizations whose mission is to promote compassion and creativity in our society. the bernard and audre rapoport foundation. the john d. and catherine t. macarthur foundati
captioning sponsored by macneil/lehrer productions >> woodruff: president obama tapped senator john kerry today to replace outgoing secretary of state hillary clinton. good evening. i'm judy woodruff. >> brown: and i'm jeffrey brown. on the newshour tonight, we look at this first cabinet change for the president's second term with david ignatius of the "washington post" and journalist and author james mann. >> woodruff: then, we turn back to the tragedy in newtown, connecticut, as more victims are laid to rest one week after the shootings. >> brown: speaking out for the first time since the massacre, the nra's wayne lapierre rejects calls for new limits on guns. >> i asked congress today to act immediately to appropriate whatever is necessary to put armed police officers in every single school in this nation. >> woodruff: and ray suarez talks to mark glaze, director of the pro-gun control advocacy group mayors against illegal guns. >> brown: plus, we hear from high school students from across the country, and gwen ifill talks with secretary of education arne duncan. >> schools have
captioning sponsored by macneil/lehrer productions >> brown: president obama cuts short his vacation to head back to washington, while harry reid says the country is headed toward the fiscal cliff. good evening, i'm jeffrey brown. >> warner: and i'm margaret warner. on the "newshour" tonight, we have the latest on efforts to avert the looming deadline from todd zwillich of public radio international. >> brown: then, geo-politics and children: russia moves to end adoptions by american parents. >> warner: what austerity measures look like at street level: we have a report from athens. >> by the end of 2013 greece would have a worse depression than the great depression in the u.s. >> brown: a player in campaign politics, but what of the current debt debate? we talk with tea party ally, matt kibbe. >> warner: and as e.p.a. chief lisa jackson steps down, we assess the track record of the administration's environmental agency. >> brown: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. b
captioning sponsored by macneil/lehrer productions >> ifill: president obama said today there would be no deal to avert an economic plunge unless republicans agree to increase taxes on the wealthiest americans. good evening. i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the newshour tonight, kwame holman has the latest on washington's impasse on taxes and spending. >> ifill: then we examine nato's decision to send patriot anti- missile systems to turkey, as fears grow that syrian chemical weapons could cross the border. >> woodruff: jeffrey brown talks to mcclatchy newspapers' egypt correspondent nancy youssef about the massive antigovernment protests in cairo today. >> ifill: we continue our series of conversations about the fiscal cliff. tonight we hear from economist paul krugman. >> i don't think there's going to be much of a deal. i think there's going to be a kind of... there will be an outcome. >> woodruff: from haiti, fred de sam lazaro reports on the efforts to stem a deadly cholera epidemic that began after the 2010 earthquake. >> ifill: and ray suarez talks to au
. fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors lost hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: th
expecting the voting, the sort of, the electoral body that made obama's victory possible. i mean, i think there was -- no one was talking about the sort of numbers that showed up for obama. no one was predicting the diversity of the vote. no one was predicting that sort of the republican strategy for securing a romney victory would come to grief so kind of spectacularly. i mean, i'm telling you. even the communities who came out to vote, i think, were shocked by their own numbers and by their own power. i mean, when you look at the cuban community in florida, a community that has historically voted super conservative and suddenly see an entirely new generation voting, and you see those numbers that they put up for obama. it was extraordinary. and i think that a lot of folks have very poor sense of what's happening in this country on the ground. i mean, they're kind of all the way up here, whether it's age, class, institutional divisions. and they don't really have a real kind of panoramic or even a deep view of the real sort of granular shifts that have occurred in this country, that have
for a deficit deal, president obama pressed his case at the home of a middle class family in virginia today, part of his pitch to extend tax cuts for all but the very wealthy. good evening, i'm jeffrey brown. >> woodruff: and i'm judy woodruff. on the "newshour" tonight, we update the state of the negotiations and examine the push to make changes to social security and medicare >> brown: then, margaret warner looks at the political strife in egypt, after deadly clashes in the streets and resignations by top officials. >> woodruff: we have a battleground dispatch from a coastal city facing rising sea levels and the next big storm. >> if sandy were to come close or directly into norfolk i think we'd all be in big trouble. >> brown: we assess the latest diplomatic moves to end syria's war, as secretary of state hillary clinton meets with russia's foreign minister. >> woodruff: and ray suarez has the story of a program that aims to put students at low-achieving schools on a path to high school graduation. >> we're here to make things better. we're here to tutor kids. we're here to make sure tha
poll numbers, showing strong support for the way president obama is handling the negotiations. >> the democrats are better regarded in this negotiation than the republicans by a lot. >> warner: plus ray >> warner: plus, ray suarez gets two views on proposals to raise the age of eligibility for medicare to 67, from 65. >> woodruff: it's bottoms up tonight for miles o'brien who reports on genetic links to alcoholism and other addictions. >> so far as i know, there's no law against reporting under the influence, so here goes something. >> warner: and we talk with ambassador marc grossman about prospects for afghanistan as the u.s. prepares to withdraw troops by 2014 and as he leaves his post as u.s. special envoy to the region. >> woodruff: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with t
captioning sponsored by macneil/lehrer productions >> ifill: ipresident obama said today gun control would be a central issue of his second term. he tapped vice president biden to spear head the administration's effort. good evening, i'm gwen ifill. >> woodruff: and i'm judy woodruff. on the "newshour" tonight: we look at the white house's stepped up response to the newtown elementary school shootings with illinois governor pat quinn among others. >> ifill: then, jeffrey brown examines a new report blaming the state department for systemic failures in security at the diplomatic mission in benghazi, libya, where four americandied. > woodruff: from damascus, i.t.n.'s alex thomson reports on the impact the rebel siege of> the syrian capital is having on supporters of t assad regime. >> in this educational districtr and the one next door alone, in the past two weeks 35 small children and two teachers ha been killed. >> ifill: we sit down with retiring connecticut senator joe lieberman, the democrat turned independent reflects on the tragedy in his home state and hi24 years in u.s
and manipulation and maneuvering. and barack obama, who i admire immensely, had to give the public option up and hand certain concessions to people like bart stupak in order to get the affordable care act through. and i thought that was lincolnian. he had to say for four years, "i'm evolving towards same sex marriage," before he could say, "i believe in same sex marriage." but you knew of course barack obama in 2007 understood the difference between secular marriage and religious marriage. and of course he believed that gay men and lesbians should marry on the same equal legal footing. he couldn't say it then. and he took four years. and when he picked the moment to say it, it was the exact perfect moment to say it. and it worked and it happened. and it's a history changing thing. >> i was going to ask you about that, i'm glad you brought it up, i was going to ask you because you and your partner, your husband, were the first gay married couple to appear in the new york times vows column. yet, here was obama whom you were supporting cautious, holding back, letting others take the lead, not s
's governors met with president obama today about what they need to see in a fiscal cliff deal. we talk with delaware governor jack markell. >> susie: i'm susie gharib. a coalition of the nation's top c.e.o.s is feeling pessimistic about getting a fiscal cliff deal. the group's leader joins us, maya macguinneas. >> tom: and luxury fashion meets the mass market. who wins with target's pairing with neiman marcus? >> susie: that and more tonight on nbr! >> tom: there wasn't much obvious ground given today between president obama and congressional republicans in the effort to avoid the fiscal cliff in january. president obama repeated his pledge he's open to new ideas, but is holding firm on his call for higher taxes on top income earners, something missing from the g.o.p. plan. with just three weeks left, the two sides are still at odds with their opening offers. with time ticking away to reach a deal before tax cuts expire and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there yet. >> i
station from viewers like you. thank you. >> woodruff: president obama made another foray outside washington today, trying to build public support for a fiscal cliff agreement. it came a day after he resumed talking with the top house republican, and as a year-end deadline moved even closer. the president took his public campaign for a deficit deal on his terms to the daimler diesel plant in redford michigan. >> if congress doesn't act soon meaning in the next few weeks, starting on january 1, everybody is going to see their income taxes go up. it's true. y'all don't like that? >> no! woodruff: instead, mr. obama again pressed for raising tax rates on the top two percent of incomes. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks and then we're asking students to pay higher student loans. >> woodruff: his michigan visit came a day after the president and house speaker john boehner met privately at the white house. their first one-on-one session since the
. tom is off tonight. president obama tells republicans and democrats they have ten days to work out a fiscal cliff deal. and he says it's doable. tonight's market monitor guest is not scared off by cliff worries. he's buying stocks, saying the markets will do well in the new year. he's richard steinberg of steinberg global asset management. and warren buffett, the oracle of omaha has plenty to say on taxes and the fiscal cliff: we talk with his long-time friend and "fortune" magazine journalist carol loomis. that and more tonight on "n.b.r." some straight talk from president obama tonight about the fiscal cliff. speaking to reporters from the white house he said he's ready and willing to get a comprehensive package done, but it's up to republicans and democrats to make it happen. >> nobody gets 100% of what they want. everybody has to give a little. >> susie: the president also proposed a smaller package that prevents taxes for 98% of americans from going up and for unemployment insurance to be extended. he pressed lawmakers to agree on this in the next ten days. darren gersh has de
captioning sponsored by macneil/lehrer productions >> brown: president obama made a campaign-style trip to a toy factory in pennsylvania today, part of his push to sell his plan for higher taxes on the wealthy. good evening. i'm jeffrey brown. >> warner: and i'm margaret warner. on the newshour tonight, we update the search for a deal, even as house speaker john boehner declares the negotiations are "going nowhere." >> brown: then, we turn to another congressional battle. kwame holman reports on sparring in the senate over proposals to change rules blamed for partisan gridlock. >> majority democrats want to put limits on the phil buster, a tactic used to delay legislation but republicans say the tool is key to protecting their minority rights. >> warner: on the eve of world aids day, ray suarez updates the hopes and frustrations in the fight against the deadly disease. >> brown: mark shields and david brooks analyze the weeks news. >> warner: and is the grand canyon 60 million years older than we've long thought? we ask science correspondent miles o'brien. >> brown: that's al
to the job by president barack obama. now, the fcc tried to pull this same stunt under a republica chairman back in the second term of george w. bush, but at hearings held around the country an angry public fought back. >> we told you a year ago when you came to seattle that media consolidation is a patently bad idea. no "ifs," "ands," or "buts" about it. so with all due respect i ask you, what part of that didn't you understand? >> i'm a republican and i'm a capitalist, but some areas of our private sector must be regulated. freedom of information is too important, we must be oactive in protecting that fundamental freedom. >> if the fcc is here wanting to know if chicago's residents are being wewell served, the answers no. if local talent is being covered, the answer is no. if community issues are being treated sensitively, the answer is no. if minority groups are getting the coverage and input that they need, the answer is no. the answer is no. >> if you will not stand up for we the people, then i have news for you. we the people are standing up for ourselves. this is our media, and we ar
which president obama has insisted on. the white house responded, saying "the g.o.p. proposal does not meet the test of balance. in fact, it actually promises to lower rates for the wealthy and sticks the middle class with the bill." it's not just the federal government under pressure. credit ratings agency fitch calls the fiscal cliff the biggest concern for state credit in 2013. saying, "any meaningful federal deficit reduction is likely to lower state funding, forcing program elimination or backfilling." as the tax hikes and spending cuts approach, u.s. manufacturers saw business shrink last month. the institute of supply management's purchasing managers index fell unexpectedly to 49.5, down from 51.7 in october. a reading below 50 means business has fallen back into contraction. the november statistic is the lowest since july 2009. the dow fell 60, the nasdaq down eight, the s&p 500 lost six. >> susie: jeff saut says investors seem to be ignoring bad news, and this is a bullish sign. he's managing director and chief investment strategist at raymond james. so jeff, not only are
) police and emergency personnel got a standing ovation as they entered the auditorium. president obama met privately with the victims' families before addressing the shaken crowd. >> i can only hope it helps for you to know that you're not alone in your grief. that our world too has been torn apart, that all across this land of ours we have went with you. we pulled our children tight. and you must know that whatever measure of comfort we can provide, we will provide. whatever portion of sadness that we can share with you to ease this heavy load, we will gladly bear. newtown, you are not alone. >> suarez: the weekend also brought new details in the the investigation. police confirmed the rampage began when 20-year-old adam lanza shot and killed his mother inside their home. it turned out nancy lanza was a gun enthusiast. her son took some of her weapons and drove to sandy hook elementary where he forced his way into the school with open fire. in all he killed 26 people there, six adults and 20 first graders. all of the children were six and seven years old, and all were shot multiple times.
're looking for help. >> susie: and house speaker boehner accuses president obama of wasting another week in the fiscal cliff negotiations. >> tom: that and more tonight on "n.b.r."! >> susie: the job market is proving to be surprisingly resilient. american employers hired 146,000 workers in november, much more than expected. and the unemployment rate fell to 7.7%, the lowest level since december of 2008. as erika miller reports, that wasn't the only surprise in today's report. >> reporter: almost no one on wall street saw this good news coming. there was every reason to think hiring would be weak last month. after all, many parts of the east coast are still recovering from devastation caused by superstorm sandy. >> i think the most likely explanation here is sandy's impact was significant but was so short-lived that it didn't extend to the sample period of the employment report which was the week that covered november 12. >> reporter: hiring was also supposed to be weak due to worries about the fiscal cliff. with $600 billion in automatic tax hikes and government spending cuts set to sta
obama urges house speaker john boehner to take his deal on t fiscal clif f calling it something republicans can be proud o >> susie: i'm susie gharib.ud the c.e.o. of manufacturer johnson controls says business is looking good for 2013, but going over the fiscal cliff could change that. >> tom: and the u.s. treasury speeds up plans to sell its stake in general motors. is the automaker ready to stand alone? >> susie: that and more tonight on "n.b.r."! >> tom: unr the threat of ar white house veto, the u.s. house of representatives is expected to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan b
it was going to happen. >> woodruff: bill, in a state that voted by ten points for president obama in november, it's a state that is striking a blow for right-to-work. how do you explain that? >> there was a mixeded result on november 6. i think everything mickey said is absolutely true, but republicans still control state government. they've got an ironclad grip from the governor's office, both houses of the legislature, the state supreme court, attorney general, secretary of state, and the window was closing. there are only two weeks left before the end of the year. and they had to get it done now or they were going to turn into pumpkins on new year's eve and only have a slim majority that might not be enough to get right to work to pass early next year. >> woodruff: mickey maynard, the republicans are saying this is going to help the state's economy, what has happened. is there a consensus in the state about whether that is correct or not? >> no, absolutely not. but republicans... what they have been saying and i've been listening to this discussion for the better part of a couple of years
in a small connecticut town. 20 of the 27 dead are children. we begin our coverage with president obama's emotional address to the nation this afternoon. >> we've endured too many of these tragedies in the past few years. and each time i learn the news, i react not as a president but as anybody else would, as a parent. and that was especially true today. i know there's not a parent in america who doesn't feel the same overwhelming grief that i do. the majority of those who died today were children. beautiful little kids between the ages of 5 and 10 years old. they had their entire lives ahead of them. birthdays, graduations, weddings, kids of their own. among the fallen were also teachers, men and women who devoted their lives to helping our children fulfill their dreams. so our hearts are broken today. for the parents and grandparents, sisters and brothers of these little children. and for the family its of the adults who were lost. our hearts are broken for the parents of the survivors as well. for as blessed as they are to have their children home tonight, they know that their childr
captioning sponsored by macneil/lehrer productions >> brown: after talks between president obama and congressional republicans stall, the house moves toward a vote on speaker boehner's plan-b for limited tax increases. good evening, i'm jeffrey brown. >> suarez: and i'm ray suarez. on the "newshour" tonight, we sort through the state of play and the latest political maneuvering with congress watcher norman ornstein and political editor christina bellantoni. >> brown: then we look at the suspension of the u.n.'s polio eradication campaign in pakistan, after the killings of nine aid workers. >> suarez: from capitol hill, kwame holman reports on two congressional hearings today where state department officials accepted blame in failing to protect the u.s. diplomatic mission in libya. >> we have to do better. we owe it to our colleagues who lost their lives in benghazi. we owe it to the security professionals who acted with such extraordinary heroism that awful night to try to protect them, and we owe it to thousands of our colleagues serving america with a great dedication every day
captioning sponsored by macneil/lehrer productions >> brown: president obama and congressional leaders met face to face for the first time in weeks, in a last-ditch effort to avert the fiscal cliff. good evening, i'm jeffrey brown. >> warner: and i'm margaret warner. on the "newshour" tonight, we have the latest on the chances for a breakthrough-- just four days before automatic tax hikes and spending cuts hit. >> brown: then, we turn to india. ray suarez looks at the violent protests and public anger sparked by the gang rape of a young woman. >> warner: john merrow has the story of a group of california charter schools that aim to be the model-ts of education. >> america has lots of terrific schools. people open great schools every year, but they typically open just one. nobody has figured out how to mass produce high quality, cost effective schools. >> brown: we remember general norman schwarzkopf-- the man who commanded american-led forces in the persian gulf war known as "desert storm." >> warner: plus, mark shields and david brooks analyze the week's news. >> brown: that's
weapons. this afternoon, president obama warned syrian leader bashar al- assad not to cross that line. oday i want to make it absolutely clear to assad and those under his command, the world is watching. the use of chemical weapons is and would be totally unacceptable. and if you make the tragic mistake of using these weapons, there will be consequences. and you will be held accountable. >> sreenivasan: in response, syria's government released a statement saying it would never use chemical weapons on its own people. the regime has never confirmed it has such weapons. there were warnings about greater curbs on the internet, as the world's nations gathered today for a summit on telecommunications. the 11-day conference in dubai is the first such review since 1988, well before the web was fully formed. the u.s. has raised concerns that china, russia, and others will seek new limits on internet access. the head of the u.n. regulatory agency insisted such claims are "completely untrue." concerns about flooding eased in northern california today, despite heavy downpours over the weekend. th
neil/lehrer productions and counteroffers on the table today, but no deal between president obama and speaker boehner to resolve the government's fiscal crisis. good evening. i'm judy woodruff. >> ifill: and i'm gwen ifill. on the newshour tonight, we get the latest on the search for an agreement from the "wall street journal's" carol lee and wnyc's todd zwillich. >> woodruff: then, we turn to the shootings in connecticut. ray suarez has our update, as some students return to school and two more families bury their six-year-olds. >> ifill: one lawmaker's change of heart: virginia senator mark warner, an n.r.a. supporter, now says "enough is enough." year from gun violence, if we can cut that number in half, if we can cut that number by 20%, if we can cut that number by 10%, we save thousands of lives. >> woodruff: plus, neighbors and friends in newtown are searching for a way to turn the horror of friday's killings into something positive for their community. hari sreenivasan has our conversation. >> ifill: kira kay reports on an election to watch in india, where the leading candidate for chief minis
pierre tone deaf. >> he blamed everything but guns, movies, the media, president obama, gun-free cool zones, you name it, the video games, he blames them. now, trying to prevent shootings in schools without talking about guns is like trying to prevent lung canger is without talking about cigarettes. >> brown: schumer and others are now urging renewed ban on assault-style weapons, curbs on high capacity ammunition magazines. some republicans have joined in. senator kay bailey hutchison of texas spoke on "face the nation." >> i think we ought to be looking at where the real danger is, like those large clips, i think that does need to be looked at. >> brown: but fellow republican lindsey brame 6 south carolina argued a new ban would not make the country safer. >> the best way to interrupt a shatter keep him out of the schools, if they get in the school have somebody that can interrupt them through armed force. >> brown: connecticut independent senator joe leiberman observed on cnn that passing new gun laws won't be easy. >> the strength of the nra that more than half of the abuts i
and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: the president is proposing to raise taxes by $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insurance benefits and the payroll tax cut. republicans literally laughed it off. >> they want... they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it's... it's... was not a serious proposal. and so, right now, we're almost nowhere. >> reporter: across the capitol, republican senate leader mitch mcconnell told the "wall street journal" his party would be w
america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff. >> susie: and apple shares get of the most widely owned stocks sees heavy trading. >> tom: that and more tonight on "n.b.r." >> susie: big job cuts today at one of the nation's biggest banks. citigroup announced it's slashing 4% of its staff; that works out to 11,000 jobs worldwide. the cuts will save the bank more than $1 billion a year in expenses. but they won't be cheap, resulting in a billion-dollar charge against fourth-quarter earnings. is this gloomy news from citi the beginning of other companies doing the same? suzanne pratt reports. >> reporter: 11,000 jobs are a lot of layoffs, even for a bank as huge as citi. and there could be more. that's because the monster firm is still struggling to recover from the great recession even though it has fired a lot of other workers in the last few years. the thing is, citi has a new c.e.o. in michael corbat, and experts say he's anxious to make his mark, even if t
for online shoppers. we've got details. >> tom: that and more tonight on nbr! >> susie: president obama was in michigan today, campaigning on his plan to avert the fiscal cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly, a school doesn't have school books because the school district couldn't afford it. >> susie: meanwhile, a ranking democrat on the house budget committee tells "nightly business report" he is optimistic about getting a fiscal cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the sta
holiday season in four years, we talk with a top retail analyst. president obama and congressional leaders cut their vacations short, to deal with fiscal cliff negotiations. they have five days to make a deal. and housing continues to be the bright spot in the u.s. economy: home prices post their biggest advance in two years. that and more tonight on "n.b.r."! christmas may be over, but the holiday shopping season continues. many consumers hit the malls today to return gifts and buy what they really wanted. and this is the time many gift cards get redeemed. but for retailers, holiday sales so far have been a flop. sales in the two months leading up to christmas, rose just 0.7%, according to mastercard advisors that tracks the numbers. that's way below what the retail industry was predicting. erika miller spoke with retail expert dana telsey and began by asking what happened. >> i think there were a confluence of events, extra long season. hurricane sandy. tragedy in ct. >> none of the events out there were feel good factor events. it was all for consumer morale. >> when you look at the wea
with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and local taxes annually. but losses from any strike will be felt far beyond the coast, with industries as diverse as agriculture, manufacturing and retail taking a hit. that's got the national retail federation urging president obama to intervene: >> the ports are a critical component to the u.s. global supply chain and a potential strike or shutdown to the ports not only impacts retailers but all other businesses who rely on the ports to move the nation's commerce. >> reporter: the sticking point in negotiations: a decades old law, called the container royalty fund. it was established in the 1960s to help dockworkers displaced by technology, the port alliance says these days those royalties serve as a bon
will play. >> reporter: president obama today, in washington, assured business executives he'll reject attempts to link the fiscal cliff budget negotiations to future increases in the nation's debt ceiling. "the new york times" reported republicans might accept higher tax rates on wealthier americans to avoid triggering tax hikes for everyone. in return, they'd demand greater spending cuts next year before raising the federal borrowing limit. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game because we've got to... we've got to break that habit before it starts. >> reporter: the 2011 standoff between the president and republicans led the nation to the brink of national default. standard and poor's even lowered its rating on u.s. government bonds. now, the president has proposed he be given authority to raise the debt ceiling without congressional action. hou
did speak by phone to president obama this week, and it was widely reported the two have agreed to negotiate directly with each other. but boehner said today, "there's no progress to report." >> four days ago, we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there's been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow-walk our economy right to the edge of the fiscal cliff. >> sreenivasan: the president has insisted there will be no deal unless republicans agree to raise tax rates on the top 2%. republicans say the tax hikes would only hurt job creation. but in arlington, virginia, vice president biden said today's jobs report shows the economy is turning a corner, so it's critical to get a deal. >> there is a sense... there is a sense that if we can reach an- - act like adults and reach an agreement here on the fiscal cliff, the upside is much higher even than the downside is if we don't. >> sreenivasan: biden said the president is willing to con
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